Economics 2150A/B Study Guide - Quiz Guide: Life-Cycle Assessment, Polycarbonate, Uncertainty Analysis

• School: Western University
• Department: Economics
• Course: Economics 2150A/B
• Professor: Colin Denniston

Document Summary

Objective: creating value for a spectrum of stakeholder. Development of dow jones index: since 1985 it exploded. It says something about the market value of an economy. Growth in productivity: productivity in real output per hour has increased but the real average wage (corrected for inflation) has stayed relatively the same. September 27, 2008: collapse of the financial system/us philosophy. No one was really arrested for his or her mistakes. Martin wolf: nationalize banks the world economy is even more fragile and prone to panic than ever before. When talking about challenges = inequality, climate change, pollution, you hardly ever hear. School does research concerning progress of society. They are very optimistic. about this ^ the economic problem. Political-social-economic mission: we want no poverty, 0 hungry, good health, quality education = a whole list of socio economic goals. Conclusion: this cannot be done with the present economic system.